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EV maker Seres raised approximately $1.8 billion in its Hong Kong IPO

The post EV maker Seres raised approximately $1. 8 billion in its Hong Kong IPO appeared com. Chinese mainland EV automaker Seres Group (HKG: 9927) raised $1. 8 billion in its HKSAR listing, expanding the offering by 8. 4%. The company sold 108. 6 million shares, which included an extra 8. 4 million shares, at the upper limit IPO price of HKD 131. 50 per share, after exercising an option to snowball the deal size. Seres filed for its Hong Kong listing in April, aiming to establish a platform for international capital operations, and has confirmed that the HK-listed stock will start trading on November 5 under the ticker HKG: 9927. It has been listed on the SSE (Shanghai Stock Exchange) since 2016 and has a market capitalization of nearly $35. 8 billion (RMB 254. 8B), gaining over 20% so far this year. The EV maker reportedly started gauging investor interest for the HK listing in October, with plans to raise between $1. 5 and $2 billion. The Huawei partner met the investors in mid-October and agreed that the deal size might change. Meanwhile, listing proceeds have already exceeded the four-year high of $26 billion projected for 2025. Seres offers IPO shares at a 22% discount Seres’ HK listing price represents a 22% discount to the $21. 8 (155. 19 Yuan) closing price on October 31 on the SSE. However, the company’s deal is reportedly Hong Kong’s eighth listing that raised over $1 billion this year. China Galaxy Securities Co. and China International Capital Group both co-sponsored the company’s HK listing. The EV maker’s partnership with Huawei is also reportedly beneficial to the continued growth and stability of its stock price, and it is expected to boost profits by up to 72% to a record 10. 2 billion Yuan in 2025. Meanwhile, the AITO brand maker’s Stock Connect eligibility and A-H share fungibility remain unclear, which could maintain price disparities between its Hong Kong and Shanghai listings. The.

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Priyanka Chahar Choudhary confirmed as new Naagin! Ektaa R Kapoor unveils Naagin 7 lead on Bigg Boss 19 with Salman Khan

The wait is finally over for Naagin fans! On the latest episode of Weekend Ka Vaar, television czarina Ektaa R Kapoor made a special appearance on Bigg Boss 19, joining host Salman Khan on stage and with her came a major revelation that set the internet buzzing. Kapoor officially announced Naagin 7 and introduced the show’s new lead Priyanka Chahar Choudhary. The announcement came as a delightful surprise for fans who had long been speculating about the next face of the fantasy franchise. Dressed in her Naagin avatar, Priyanka made a stunning entry on the Bigg Boss stage, performing a captivating act that marked her grand return to television. The actress, who rose to fame with Udaariyaan and became one of the most loved contestants on Bigg Boss 16, is now ready to embrace her most powerful role yet. Expressing her excitement, Priyanka shared that the role of Naagin has been a dream come true. She revealed that this opportunity was first hinted at during her stint in the Bigg Boss 16 house when Ektaa R Kapoor had entered as a guest. “She had promised me that day that she would give me a big project, and today she has kept her word,” Priyanka said, expressing gratitude towards the producer for her faith and support. Ektaa R Kapoor, known for shaping some of Indian television’s biggest franchises, said that Priyanka embodies everything she envisioned for the next Naagin grace, strength, and charisma. The producer also teased that Naagin 7 will mark a new era for the supernatural series that will take the saga to new heights. The Naagin universe has, over the years, featured some of television’s most iconic leading ladies, including Mouni Roy, Tejasswi Prakash, Nia Sharma, Surbhi Jyoti, and Surbhi Chandna. Mouni Roy remains the only actress to have led two consecutive seasons. With Priyanka Chahar Choudhary now stepping into the mystical world, anticipation for Naagin 7 is higher than ever. Fans are already flooding social media with excitement, calling Priyanka “the perfect Naagin” and praising Ektaa R Kapoor for her casting choice. If the grand reveal on Bigg Boss 19 is anything to go by, Naagin 7 is all set to cast its spell once again on Indian television. Also Read: Naagin 7 kicks off! Ektaa R Kapoor says it is time to make ‘Param Sarva Sresht Naagin’.

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